Today Bank nifty closed @10507.60 with gain of 187 points.
yesterday banknifty was in indecisive mode but today in last hour decided to continue its journey upside. As already mentioned on 8th feb 2012 post that on downside banknifty has support around 10260 to 10280 and resistance near 10370 & 10430.
Important EMA :- 3DEMA @10393 & 5DEMA @10306 & JBNSAR @ 10355
Today bank nifty made low @10267 and got initial resistance near 10370-400 zone and fired upto 10546.
Banknifty closed above Agni level 10,496. It also through with 50% fall from 13304 to 7766. Already broken daily and weeekly channels resistance. Now next hurdle is monthly channel resistance near 10670-80.
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